Quick long here - buy along the support (1122) and sell at 382 fib. RSI creating higher lows and near bottoming out. Currently in the channel of a bear flag, but support has been holding. Expect a bounce up before another serious test of the flag's support level.
Trade active:
Unfortunately, if you precisely followed TV here, then it would have you stopped out. I did not post exact numbers for SL/targets, but will do so for future trades.
As my trade is still active, I have placed buys at 1090 (recent wick area) and 1068 (768 spike out of bottom). I generally do not recommend changing trades, but I have a fairly decent feeling about a market bounce incoming and ADA is painting hidden divergence on the 4h. SL is 1035 currently.
As my trade is still active, I have placed buys at 1090 (recent wick area) and 1068 (768 spike out of bottom). I generally do not recommend changing trades, but I have a fairly decent feeling about a market bounce incoming and ADA is painting hidden divergence on the 4h. SL is 1035 currently.
Trade active:
Zoomed out view. Touched the top of the peach channel. Market looks primed for ADA to continue. Oscillators a little hot on the lower TFs, but just starting to give buy signals on the higher TFs (1d, 3d). Targets based on horizontal resistances, fib levels of the recent move down, and approximate zones of the channels drawn.
I averaged my entry to 1109 and will set a SL at break even (with transaction fees worked in).
I averaged my entry to 1109 and will set a SL at break even (with transaction fees worked in).
Trade active:
Missed T1 by 15 sats (a little over 1%). I have moved my SL tighter in case of breakdown (1132).
Decision point here for ADA. We've moved under the 4h EMA block, and we are staring down a death cross if we don't move up soon (55 crossing above the 21). We also have two important channels that are immediately below us - the peach is our bull flag from the spike off the bottom, and the pink is the bear flag from the bottom. If ADA gets support and bounces here, then we continue along to the targets. If it doesn't, then ADA looks very rough here and I'd expect us to at least test the yearly low.
Decision point here for ADA. We've moved under the 4h EMA block, and we are staring down a death cross if we don't move up soon (55 crossing above the 21). We also have two important channels that are immediately below us - the peach is our bull flag from the spike off the bottom, and the pink is the bear flag from the bottom. If ADA gets support and bounces here, then we continue along to the targets. If it doesn't, then ADA looks very rough here and I'd expect us to at least test the yearly low.
Trade active:
We also have this H&S that played out and looks to be re-testing the neckline. A rejection there would also not be a great look (lines up with the closest horizontal resistance on the above chart)